Current Use by Public Records
- Neighborhood centers
Property Details for 7801- Southtown Dr
- Property type
- Neighborhood centers
- Property subtype
- Retail properties & Spaces
Description
Southtown Shopping Center presents a significant retail opportunity in Hennepin County. This 529,559 square foot regional power center boasts a prime location at the heavily trafficked intersection of I-494 and I-35W, directly across I-494 from Best Buy's corporate headquarters. The center benefits from exceptional visibility and curb appeal, enhanced by multiple entry points. With a strong tenant mix, this open-air center offers spaces ranging from 1,600 square feet to a maximum contiguous space of 128,771 square feet. Two spaces are currently available. The high traffic volume is undeniable, with 176,000 vehicles per day on I-494, 119,000 vehicles per day on I-35W, and 26,500 vehicles per day on Penn Ave S. This translates to significant exposure for businesses seeking a location with high visibility and accessibility. The property's size and strategic location make it ideal for a variety of retail uses, offering a compelling investment opportunity within a thriving commercial area. The proximity to Best Buy's corporate headquarters and its substantial workforce provides a built-in customer base.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.3038
- Latitude
- 44.8603
